Bitcoin is the world’s first digital currency that is not centralized.

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    glentristan
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    Bitcoin The first global decentralized digital currency was invented by an anonymous individual or group who used the pseudonym Satoshi Nagamoto in 2009. The idea behind Bitcoin was published in a whitepaper entitled “Bitcoin, A Peer-to-Peer Electronic Cash System”, which was published on Internet in 2008.
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    On the 3rd of January, 2009, the initial release of Bitcoin software was released. The initial block of Bitcoin’s blockchain was mined, the “genesis block”. The newspaper headline for this block read “The Times 03/01/2009, Chancellor on brink” and it contained the following “The Times 03/01/2009 Bank bailout.” It is widely believed this headline refers to the 2008 crisis and was believed by many to be the trigger for Bitcoin’s birth.
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    In the early days, Bitcoin was primarily used by a small number of developers and enthusiasts and had very little use by the general public. As more people began to take note of the currency’s worth, it began to appreciate. The year 2010 saw the cost of one Bitcoin was only two cents, but in 2011, it was $1.
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    Bitcoin was not without its ups and downs despite its initial popularity. One major hacking incident in 2011 led to the loss of thousands of bitcoins and the eventual collapse of Mt. Gox. Gox also had to contend with substantial regulatory uncertainty as well as resistance from financial institutions and governments.
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    Despite all the difficulties, Bitcoin continued its rise in value and popularity. The cost of one Bitcoin was $100 in 2013, and by the end of 2013, it had reached $20,000. By 2017, Bitcoin was almost 20,000. This rise in value is due to increased mainstream acceptance and rising interest in Blockchain technology.
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    Presently, Bitcoin is considered by many to be the most well-known and successful cryptocurrency around the globe. It’s the basis for thousands of digital currencies. The underlying blockchain technology is used in various sectors and applications. While the future of Bitcoin and other cryptocurrencies is in doubt, there is one thing that is clear: the invention of Bitcoin has changed our perception of finances and money.
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    Bitcoin is a digital decentralized currency. It was created in 2008 by Satoshi Nakamoto who was an anonymous individual or group under the pseudonym Satoshi Nakamoto with the intention of creating a peer-to- electronically-based cash system. To ensure the security and transparency of its users it makes use of blockchain technology. In spite of many challenges bitcoin has now become the most valuable and sought-after cryptocurrency in the world.
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